A typical Rapid home is worth about $371,000
About the same as a year ago, 39% above the Michigan typical home.
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
What kind of housing town is Rapid?
Read from the numbers below. The page puts what stands out first.
85% of Rapid households own their home
Half of Rapid’s homes were built before 1978.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A typical home costs 5.1 years of income
More than across Michigan (3.7 years). Try your own numbers below.
That’s $88K short of a typical Rapid home.
A two-bedroom rents for about $1,110 a month here, $1,120 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Rapid’s typical property tax (0.92% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Up 22.8% in five years
About the same pace as Michigan (24.1%).
Show as a table
| January | Rapid | Michigan |
|---|---|---|
| 2017 | $189,000 | $144,000 |
| 2018 | $204,000 | $155,000 |
| 2019 | $212,000 | $165,000 |
| 2020 | $225,000 | $175,000 |
| 2021 | $259,000 | $194,000 |
| 2022 | $323,000 | $217,000 |
| 2023 | $339,000 | $230,000 |
| 2024 | $357,000 | $241,000 |
| 2025 | $377,000 | $253,000 |
| 2026 | $374,000 | $262,000 |
| August 2026 | $371,000 | $266,000 |
A typical Rapid home worth $187K in September 2016 is worth about $371K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A two-bedroom rents for about $1,110
Renters already here pay a median of $969, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Kalkaska County, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Rapid vs. its neighbors
Rapid is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Rapid | $371K | −0.2% | $1,110 | $73,021 |
| Clearwater | $218K* | +8.3%† | $1,140 | $74,663 |
| Helena | $382K* | — | $1,010 | $72,228 |
| Milton | $528K* | — | $1,330 | $88,971 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Rapid buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.